TD Asset Management Inc. lessened its holdings in shares of Kroger Co (NYSE:KR) by 6.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 287,745 shares of the company’s stock after selling 19,704 shares during the period. TD Asset Management Inc.’s holdings in Kroger were worth $5,772,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Kroger by 1.2% during the second quarter. Vanguard Group Inc. now owns 69,201,771 shares of the company’s stock worth $1,613,786,000 after purchasing an additional 852,864 shares during the last quarter. FMR LLC lifted its stake in shares of Kroger by 17.7% during the second quarter. FMR LLC now owns 49,409,616 shares of the company’s stock valued at $1,152,232,000 after acquiring an additional 7,446,349 shares during the period. State Street Corp lifted its stake in shares of Kroger by 0.3% during the second quarter. State Street Corp now owns 39,414,284 shares of the company’s stock valued at $919,140,000 after acquiring an additional 100,796 shares during the period. Franklin Resources Inc. lifted its stake in shares of Kroger by 8.2% during the second quarter. Franklin Resources Inc. now owns 12,045,681 shares of the company’s stock valued at $280,904,000 after acquiring an additional 908,078 shares during the period. Finally, Janus Henderson Group PLC lifted its stake in shares of Kroger by 6,611.2% during the second quarter. Janus Henderson Group PLC now owns 8,260,260 shares of the company’s stock valued at $192,630,000 after acquiring an additional 8,137,179 shares during the period. Institutional investors own 79.10% of the company’s stock.
Kroger Co (NYSE KR) traded down $0.66 during trading hours on Wednesday, hitting $26.22. The company had a trading volume of 11,321,500 shares, compared to its average volume of 12,367,680. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.31 and a current ratio of 0.85. The company has a market capitalization of $23,910.36, a P/E ratio of 13.86, a PEG ratio of 3.55 and a beta of 0.92. Kroger Co has a fifty-two week low of $19.69 and a fifty-two week high of $36.44.
The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were paid a $0.125 dividend. The ex-dividend date was Tuesday, November 14th. This represents a $0.50 dividend on an annualized basis and a yield of 1.91%. Kroger’s dividend payout ratio is 29.76%.
In other news, VP Carin L. Fike sold 1,538 shares of Kroger stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $25.61, for a total transaction of $39,388.18. Following the completion of the transaction, the vice president now directly owns 25,956 shares in the company, valued at approximately $664,733.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jorge P. Montoya sold 10,000 shares of Kroger stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $26.98, for a total value of $269,800.00. The disclosure for this sale can be found here. 0.87% of the stock is owned by company insiders.
Several research firms have weighed in on KR. BidaskClub raised Kroger from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Vetr raised Kroger from a “buy” rating to a “strong-buy” rating and set a $27.01 target price on the stock in a research note on Wednesday, August 9th. Stephens began coverage on Kroger in a research note on Friday, August 11th. They issued an “underweight” rating and a $20.00 target price on the stock. Jefferies Group reissued a “hold” rating on shares of Kroger in a research note on Friday, August 25th. Finally, Royal Bank Of Canada set a $34.00 target price on Kroger and gave the company a “buy” rating in a research note on Monday, August 28th. Eighteen research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $29.16.
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The Kroger Co (Kroger) manufactures and processes food for sale in its supermarkets. The Company operates supermarkets, multi-department stores, jewelry stores and convenience stores throughout the United States. As of January 28, 2017, it had operated approximately 4,000 owned or leased supermarkets, convenience stores, fine jewelry stores, distribution warehouses and food production plants through divisions, subsidiaries or affiliates.
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